Economia
Para abalar crenças a respeito da magnitude dos multiplicadores fiscais:
"In this note, we demonstrate and analyze the inability of standard neoclassical models to generate accurate estimates of the fiscal multiplier (that is, the macroeconomic response to increased government spending). We then examine whether estimates can be improved by incorporating recently developed theory on demand-induced productivity increases into neoclassical models. We find that neoclassical models modified in this fashion produce considerably better estimates, but they remain unable to generate anything close to an accurate value of the fiscal multiplier."
HT: Shikida
- Crescimento Econômico
Intangible Capital and Economic Growth Carol Corrado, Charles Hulten, and Daniel Sichel Published macroeconomic data traditionally exclude most intangible investment from measured GDP. This situation is beginning to change, but our estimates suggest...
- "supernovo" - Artigo Sobre Ciclo De Negocios
Asymmetry in the Business Cycle: Friedman’s Plucking Model with Correlated Innovations Tara M. Sinclair1 Department of Economics And the Elliott School of International Affairs The George Washington University Washington, DC 20052 [email protected] THIS...
- O Estímulo Fiscal, Um Ano Depois
Robert Barro, da Harvard University, investiga o tamanho dos multiplicadores de gastos e tributos e conclui, no WSJ: "We can now put the elements together to form a "five-year plan" from 2009 to 2013. The path of incremental government outlays over the...
- Impactos Macroeconômicos De Impostos E Compras Do Governo
Do último artigo de Robert Barro e Charles Redlick: "For U.S. annual data that include WWII, the estimated multiplier for defense spending is 0.6-0.7 at the median unemployment rate. There is some evidence that this multiplier rises with the extent of...
- Estímulo Fiscal é Uma Refeição Gratuita?
Para Robert Barro, não. E o multiplicador de gastos do governo é insignificativamente diferente de zero: "What do the data show about multipliers? Because it is not easy to separate movements in government purchases from overall business fluctuations,...
Economia
Estimando Melhor os Multiplicadores Fiscais
Para abalar crenças a respeito da magnitude dos multiplicadores fiscais:
"In this note, we demonstrate and analyze the inability of standard neoclassical models to generate accurate estimates of the fiscal multiplier (that is, the macroeconomic response to increased government spending). We then examine whether estimates can be improved by incorporating recently developed theory on demand-induced productivity increases into neoclassical models. We find that neoclassical models modified in this fashion produce considerably better estimates, but they remain unable to generate anything close to an accurate value of the fiscal multiplier."
HT: Shikida
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- Crescimento Econômico
Intangible Capital and Economic Growth Carol Corrado, Charles Hulten, and Daniel Sichel Published macroeconomic data traditionally exclude most intangible investment from measured GDP. This situation is beginning to change, but our estimates suggest...
- "supernovo" - Artigo Sobre Ciclo De Negocios
Asymmetry in the Business Cycle: Friedman’s Plucking Model with Correlated Innovations Tara M. Sinclair1 Department of Economics And the Elliott School of International Affairs The George Washington University Washington, DC 20052 [email protected] THIS...
- O Estímulo Fiscal, Um Ano Depois
Robert Barro, da Harvard University, investiga o tamanho dos multiplicadores de gastos e tributos e conclui, no WSJ: "We can now put the elements together to form a "five-year plan" from 2009 to 2013. The path of incremental government outlays over the...
- Impactos Macroeconômicos De Impostos E Compras Do Governo
Do último artigo de Robert Barro e Charles Redlick: "For U.S. annual data that include WWII, the estimated multiplier for defense spending is 0.6-0.7 at the median unemployment rate. There is some evidence that this multiplier rises with the extent of...
- Estímulo Fiscal é Uma Refeição Gratuita?
Para Robert Barro, não. E o multiplicador de gastos do governo é insignificativamente diferente de zero: "What do the data show about multipliers? Because it is not easy to separate movements in government purchases from overall business fluctuations,...